Report

QuickView: Momentum builds

Flowtech shares have risen by some 50% since flotation in May 2014. The core fluid power business continues to grow, while three acquisitions have established a specialist manufacturing business. The prospective rating is not demanding, suggesting that the shares have further to go.
Underlying
Flowtech Fluidpower

Flowtech FluidPower is engaged in the distribution of engineering components and assemblies, concentrating on the fluid power industry. Co. has operations in the U.K., Republic of Ireland, Benelux and China. Co. has three operating divisions: Flowtechnology, which focuses on supplying technical fluid power distributors and resellers, primarily serving urgent orders rather than bulk offerings; Power Motion Control, which focuses on the design and assembly of engineering components and hydraulic systems, and further enhanced by component supply and a service and repair function; and Process, which focuses on the distribution of valves and industrial components to the process sectors.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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